Fear of cash flow pressure engulfs the industry with no more GST exemption on export freight

The Centre’s decision to  withdraw the GST exemption on export freight  at the start of the month has left exporters nervous as they expect liquidity to shrink at a time when they are dealing with weak demand in advanced countries, prompting them to seek a relook. After the withdrawal of the extension, the following transactions would be taxable under GST starting October 1: Ocean export…